SCHM 2301 Lecture Notes - Material Requirements Planning, Item Number
Document Summary
A system developed to help manufacturing organizations plan the requirements for dependent demand items. It does so through the proper timing of order placement, and thus is also known as time-phased requirements planning. Release production and purchase orders to regulate the flow of raw materials and in- process inventories necessary to meet the production schedules for finished goods. Ensure the availability of materials, components, and products for planned production and customer delivery. Outlines the production plan for all end items; it expresses how much of each item is planned and when it is wanted. This end item output is developed from end item forecasts and customer orders. The mrp takes the mps and translates it into individual time- phased component requirements. The time period used for planning is called a time bucket.